Midwich acquires distributors in UK and New Zealand
UK headquartered distributor Midwich has continued its recent run of acquisitions, buying Holdan and Wired; while recent purchase PSCo signs Leyard for the UK.
The news comes as Midwich stages its two day reseller and end-user event, Technology Exposed, in the UK.
Its latest purchases are Holdan, a UK pro video, broadcast and AV distributor and Wired, a distributor with offices in Wellington and Auckland, New Zealand.
Andrew Herbert, Midwich chairman, said: "We are pleased with performance over the first six months of the year, and in particular the continuing progress of the Group following the successful IPO in May. Sales increased in all territories, with particularly encouraging growth outside the UK.”
PSCo signs Leyard deal
PSCo, the specialist LED subsidiary of Midwich, has signed a deal with LED manufacturer Leyard covering the UK market.
Stuart Holmes, director of PSCo, said: “In 2016 we have seen interest in narrow pixel pitch LED intensifying at the higher-resolution end of the market, with increased demand from rental and sales partners wanting support with projects for 1mm and 2mm displays.
“We have seen specific success launching front installation and front service narrow pixel pitch LED into the retail vertical, with specific success in rolling out of 4mm LED into high street retailers, and European roll out of 2mm and 4mm LED into leading cosmetic brands high street stores and concessions, through key trade partners. Bezel-less displays, such as those from Absen and Samsung, are gradually becoming more cost effective to own, and are also currently driving this market.”